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UK

Individual investors

Continental Europe

About us

Introducing Kames Capital

We are a specialist
investment management business

From our offices in Edinburgh and London we manage £53 billion (€68 billion)* on behalf of UK and international clients – including pension funds, government agencies, financial institutions, wealth managers, family offices, financial advisers and individual investors.

*Source: Kames Capital as at 30 September 2014.

Safeguarding your personal information

Kames Capital only provides investment management services. If you receive unsolicited mail or telephone calls purporting to be from Kames Capital requesting information or action, please email info@kamescapital.com to validate this request

This section of the Kames Capital website and the content within is designed solely for Qualified/Institutional Investor and Consultants. If you are a Qualified/Institutional Investor or Consultant and wish to view this content, please click the 'Proceed' button below. By accepting this disclaimer, you confirm that you are Qualified/Institutional Investor or Consultant.

If you are not a Qualified/Institutional Investor or Consultant , you should not proceed any further, and should click the 'Back' button.

The content of this website should not be relied upon by, or circulated to individual/retail investors. It is only intended for use in jurisdictions where the relevant funds are authorised for distribution or where no such authorisation is required.

This material is for informational purposes only. It may not be reproduced, redistributed or passed on to any other persons or published in whole or in any part for any purpose.

This should not be relied upon as a forecast, research or investment advice. It does not constitute an offer, or solicitation of an offer, to sell or buy any securities or an endorsement with respect to any investment vehicle. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction,

Any opinions expressed are those of Kames Capital and are subject to change, without notice, at any time due to changes in market or economic conditions.

Please note that you will be prevented from purchasing or dealing if you are not eligible for products and services outlined within this site.

The information on this website is not an offer to buy any of the funds mentioned. You should only invest in our funds on the basis of the relevant formal document – this means the prospectus, Key Investor Information document or terms and conditions.

The information does not constitute an offer of, or an invitation to apply for or purchase, securities in any jurisdiction where such offer or invitation is unlawful or in which the person making such an offer is not qualified to do so or to whom it is unlawful to make such offer or solicitation.

Specifically, the funds described are not available for distribution to or investment by US investors. The units/shares will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and, except in a transaction which does not violate the Securities Act or any other applicable US securities laws (including without limitation any applicable law of any of the States of the USA) may not be directly or indirectly offered or sold in the USA or any of its territories or possessions or areas subject to its jurisdiction or to or for the benefit of a US Person.

You will only be able to invest in the funds for which you are eligible as a Qualified/Institutional Investor or Consultant.

The content of this website may change, without notice, from time to time and you should ensure that you rely upon the most up to date literature available.

This website may provide links to other websites. Those linked websites are not under our control. The provision of a link is not evidence of any endorsement of the material held there. We do not accept responsibility in any way for the contents of any linked site, or any link contained in a linked site, or for any material that you encounter when you leave this website. In particular, you may be directed to a website which is not owned or operated by a regulated financial services company.

•The past performance of an investment is not a guide to future performance.

•The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change.

•If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment.

•Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained.

•Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Qualified/Institutional Investor or Consultant must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

For more information, please read the information provided under the -

AvailabilityThis website does not constitute an offer or solicitation to buy any of the funds mentioned, for any of the following reasons: - if you are in a jurisdiction where this would be unlawful- if the person making an offer is not qualified- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available for distribution to or investment by US investors. The funds are not registered under the United States Securities Act of 1933 or the United States Investment Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell them:- in the US- in any of its states, territories, or possessions- in other areas subject to the US’s jurisdiction- to a US individual

Site contentThe information on this site has been issued and approved by Kames Capital. It does not constitute investment, tax, legal or other advice. The site content may change from time to time. Please ensure you rely on the latest literature.

Please note the following risk warnings:• The past performance of an investment is not a guide to future performance. • The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. • Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained. • Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

As a result of money laundering regulations, we may request additional proof of identification. Further details are in our prospectuses and other constitutional documents.

DocumentsInvestors should only invest in our funds on the basis of the relevant offer document; this means the prospectus, Key Investor Information document or other applicable terms and conditions.

Kames Capital does not warrant the accuracy, adequacy or completeness of the information and materials contained on this website and expressly disclaims liability for errors or omissions in such information and materials.

For Professional Investors and those investing on behalf of an underlying investor only:We will treat you as an investor who generally invests on behalf of underling clients. It is your responsibility to provide the most recent Key Investor Information (KII) to the underlying client for each investment you make on their behalf. If you invest on your own behalf, you should ensure you access and review the KII, or request that we send it to you, before investing. By placing any future investment with us, you will be taken to have agreed to this approach to provision of our KII. All of our up-to-date KII are available from www.kamescapital.com.

Kames Capital Investment Company Ireland is a UCITS collective investment scheme registered in the Republic of Ireland regulated by the Central Bank of Ireland. A limited range of Kames Capital VCIC sub-funds and share class have “Reporting Fund” status. The Company seeks to comply with UK Reporting Fund status requirements; more information is contained in the full prospectus.

AvailabilityThis website does not constitute an offer or solicitation to buy any of the funds mentioned, for any of the following reasons: - if you are in a jurisdiction where this would be unlawful- if the person making an offer is not qualified- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available for distribution to or investment by US investors. The funds are not registered under the United States Securities Act of 1933 or the United States Investment Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell them:- in the US- in any of its states, territories, or possessions- in other areas subject to the US’s jurisdiction- to a US individual

Site contentThe information on this site has been issued and approved by Kames Capital. It does not constitute investment, tax, legal or other advice. The site content may change from time to time. Please ensure you rely on the latest literature.

Please note the following risk warnings:• The past performance of an investment is not a guide to future performance. • The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. • Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained. • Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

As a result of money laundering regulations, we may request additional proof of identification. Further details are in our prospectuses and other constitutional documents.

DocumentsInvestors should only invest in our funds on the basis of the relevant offer document; this means the prospectus, Key Investor Information document or other applicable terms and conditions.

Kames Capital does not warrant the accuracy, adequacy or completeness of the information and materials contained on this website and expressly disclaims liability for errors or omissions in such information and materials.

For Professional Investors and those investing on behalf of an underlying investor only:We will treat you as an investor who generally invests on behalf of underling clients. It is your responsibility to provide the most recent Key Investor Information (KII) to the underlying client for each investment you make on their behalf. If you invest on your own behalf, you should ensure you access and review the KII, or request that we send it to you, before investing. By placing any future investment with us, you will be taken to have agreed to this approach to provision of our KII. All of our up-to-date KII are available from www.kamescapital.com.

Kames Capital Investment Company Ireland is a UCITS collective investment scheme registered in the Republic of Ireland regulated by the Central Bank of Ireland. A limited range of Kames Capital VCIC sub-funds and share class have “Reporting Fund” status. The Company seeks to comply with UK Reporting Fund status requirements; more information is contained in the full prospectus.

AvailabilityThis website does not constitute an offer or solicitation to buy any of the funds mentioned, for any of the following reasons: - if you are in a jurisdiction where this would be unlawful- if the person making an offer is not qualified- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available for distribution to or investment by US investors. The funds are not registered under the United States Securities Act of 1933 or the United States Investment Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell them:- in the US- in any of its states, territories, or possessions- in other areas subject to the US’s jurisdiction- to a US individual

Site contentThe information on this site has been issued and approved by Kames Capital. It does not constitute investment, tax, legal or other advice. The site content may change from time to time. Please ensure you rely on the latest literature.

Please note the following risk warnings:• The past performance of an investment is not a guide to future performance. • The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. • Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained. • Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

As a result of money laundering regulations, we may request additional proof of identification. Further details are in our prospectuses and other constitutional documents.

DocumentsInvestors should only invest in our funds on the basis of the relevant offer document; this means the prospectus, Key Investor Information document or other applicable terms and conditions.

Kames Capital does not warrant the accuracy, adequacy or completeness of the information and materials contained on this website and expressly disclaims liability for errors or omissions in such information and materials.

For Professional Investors and those investing on behalf of an underlying investor only:We will treat you as an investor who generally invests on behalf of underling clients. It is your responsibility to provide the most recent Key Investor Information (KII) to the underlying client for each investment you make on their behalf. If you invest on your own behalf, you should ensure you access and review the KII, or request that we send it to you, before investing. By placing any future investment with us, you will be taken to have agreed to this approach to provision of our KII. All of our up-to-date KII are available from www.kamescapital.com.

Kames Capital Investment Company Ireland is a UCITS collective investment scheme registered in the Republic of Ireland regulated by the Central Bank of Ireland. A limited range of Kames Capital VCIC sub-funds and share class have “Reporting Fund” status. The Company seeks to comply with UK Reporting Fund status requirements; more information is contained in the full prospectus.

AvailabilityThis website does not constitute an offer or solicitation to buy any of the funds mentioned, for any of the following reasons: - if you are in a jurisdiction where this would be unlawful- if the person making an offer is not qualified- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available for distribution to or investment by US investors. The funds are not registered under the United States Securities Act of 1933 or the United States Investment Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell them:- in the US- in any of its states, territories, or possessions- in other areas subject to the US’s jurisdiction- to a US individual

Site contentThe information on this site has been issued and approved by Kames Capital. It does not constitute investment, tax, legal or other advice. The site content may change from time to time. Please ensure you rely on the latest literature.

Please note the following risk warnings:• The past performance of an investment is not a guide to future performance. • The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. • Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained. • Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

As a result of money laundering regulations, we may request additional proof of identification. Further details are in our prospectuses and other constitutional documents.

DocumentsInvestors should only invest in our funds on the basis of the relevant offer document; this means the prospectus, Key Investor Information document or other applicable terms and conditions.

Kames Capital does not warrant the accuracy, adequacy or completeness of the information and materials contained on this website and expressly disclaims liability for errors or omissions in such information and materials.

For Professional Investors and those investing on behalf of an underlying investor only:We will treat you as an investor who generally invests on behalf of underling clients. It is your responsibility to provide the most recent Key Investor Information (KII) to the underlying client for each investment you make on their behalf. If you invest on your own behalf, you should ensure you access and review the KII, or request that we send it to you, before investing. By placing any future investment with us, you will be taken to have agreed to this approach to provision of our KII. All of our up-to-date KII are available from www.kamescapital.com.

Kames Capital Investment Company Ireland is a UCITS collective investment scheme registered in the Republic of Ireland regulated by the Central Bank of Ireland. A limited range of Kames Capital VCIC sub-funds and share class have “Reporting Fund” status. The Company seeks to comply with UK Reporting Fund status requirements; more information is contained in the full prospectus.

AvailabilityThis website does not constitute an offer or solicitation to buy any of the funds mentioned, for any of the following reasons: - if you are in a jurisdiction where this would be unlawful- if the person making an offer is not qualified- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available for distribution to or investment by US investors. The funds are not registered under the United States Securities Act of 1933 or the United States Investment Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell them:- in the US- in any of its states, territories, or possessions- in other areas subject to the US’s jurisdiction- to a US individual

Site contentThe information on this site has been issued and approved by Kames Capital. It does not constitute investment, tax, legal or other advice. The site content may change from time to time. Please ensure you rely on the latest literature.

Please note the following risk warnings:• The past performance of an investment is not a guide to future performance. • The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. • Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained. • Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

As a result of money laundering regulations, we may request additional proof of identification. Further details are in our prospectuses and other constitutional documents.

DocumentsInvestors should only invest in our funds on the basis of the relevant offer document; this means the prospectus, Key Investor Information document or other applicable terms and conditions.

Kames Capital does not warrant the accuracy, adequacy or completeness of the information and materials contained on this website and expressly disclaims liability for errors or omissions in such information and materials.

For Professional Investors and those investing on behalf of an underlying investor only:We will treat you as an investor who generally invests on behalf of underling clients. It is your responsibility to provide the most recent Key Investor Information (KII) to the underlying client for each investment you make on their behalf. If you invest on your own behalf, you should ensure you access and review the KII, or request that we send it to you, before investing. By placing any future investment with us, you will be taken to have agreed to this approach to provision of our KII. All of our up-to-date KII are available from www.kamescapital.com.

Kames Capital Investment Company Ireland is a UCITS collective investment scheme registered in the Republic of Ireland regulated by the Central Bank of Ireland. A limited range of Kames Capital VCIC sub-funds and share class have “Reporting Fund” status. The Company seeks to comply with UK Reporting Fund status requirements; more information is contained in the full prospectus.

AvailabilityThis website does not constitute an offer or solicitation to buy any of the funds mentioned, for any of the following reasons: - if you are in a jurisdiction where this would be unlawful- if the person making an offer is not qualified- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available for distribution to or investment by US investors. The funds are not registered under the United States Securities Act of 1933 or the United States Investment Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell them:- in the US- in any of its states, territories, or possessions- in other areas subject to the US’s jurisdiction- to a US individual

Site contentThe information on this site has been issued and approved by Kames Capital. It does not constitute investment, tax, legal or other advice. The site content may change from time to time. Please ensure you rely on the latest literature.

Please note the following risk warnings:• The past performance of an investment is not a guide to future performance. • The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. • Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained. • Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

As a result of money laundering regulations, we may request additional proof of identification. Further details are in our prospectuses and other constitutional documents.

DocumentsInvestors should only invest in our funds on the basis of the relevant offer document; this means the prospectus, Key Investor Information document or other applicable terms and conditions.

Kames Capital does not warrant the accuracy, adequacy or completeness of the information and materials contained on this website and expressly disclaims liability for errors or omissions in such information and materials.

For Professional Investors and those investing on behalf of an underlying investor only:We will treat you as an investor who generally invests on behalf of underling clients. It is your responsibility to provide the most recent Key Investor Information (KII) to the underlying client for each investment you make on their behalf. If you invest on your own behalf, you should ensure you access and review the KII, or request that we send it to you, before investing. By placing any future investment with us, you will be taken to have agreed to this approach to provision of our KII. All of our up-to-date KII are available from www.kamescapital.com.

Kames Capital Investment Company Ireland is a UCITS collective investment scheme registered in the Republic of Ireland regulated by the Central Bank of Ireland. A limited range of Kames Capital VCIC sub-funds and share class have “Reporting Fund” status. The Company seeks to comply with UK Reporting Fund status requirements; more information is contained in the full prospectus.

AvailabilityThis website does not constitute an offer or solicitation to buy any of the funds mentioned, for any of the following reasons: - if you are in a jurisdiction where this would be unlawful- if the person making an offer is not qualified- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available for distribution to or investment by US investors. The funds are not registered under the United States Securities Act of 1933 or the United States Investment Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell them:- in the US- in any of its states, territories, or possessions- in other areas subject to the US’s jurisdiction- to a US individual

Site contentThe information on this site has been issued and approved by Kames Capital. It does not constitute investment, tax, legal or other advice. The site content may change from time to time. Please ensure you rely on the latest literature.

Please note the following risk warnings:• The past performance of an investment is not a guide to future performance. • The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. • Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained. • Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

As a result of money laundering regulations, we may request additional proof of identification. Further details are in our prospectuses and other constitutional documents.

DocumentsInvestors should only invest in our funds on the basis of the relevant offer document; this means the prospectus, Key Investor Information document or other applicable terms and conditions.

Kames Capital does not warrant the accuracy, adequacy or completeness of the information and materials contained on this website and expressly disclaims liability for errors or omissions in such information and materials.

For Professional Investors and those investing on behalf of an underlying investor only:We will treat you as an investor who generally invests on behalf of underling clients. It is your responsibility to provide the most recent Key Investor Information (KII) to the underlying client for each investment you make on their behalf. If you invest on your own behalf, you should ensure you access and review the KII, or request that we send it to you, before investing. By placing any future investment with us, you will be taken to have agreed to this approach to provision of our KII. All of our up-to-date KII are available from www.kamescapital.com.

Kames Capital Investment Company Ireland is a UCITS collective investment scheme registered in the Republic of Ireland regulated by the Central Bank of Ireland. A limited range of Kames Capital VCIC sub-funds and share class have “Reporting Fund” status. The Company seeks to comply with UK Reporting Fund status requirements; more information is contained in the full prospectus.

This section of the Kames Capital website and the content within is designed solely for UK-based professional investment advisers. If you are a UK-based professional investment adviser and wish to view this content, please click the 'Proceed' button below. By accepting this disclaimer, you confirm that you are a UK Adviser.

If you are not a UK-based professional investment adviser, you should not proceed any further, and should click the 'Back' button.

The content of this website should not be relied upon by, or circulated to Individual investors. For more information, please read the information provided under the –

This site is targeted at, and intended for the use of, UK residents only. No offer or invitation is made to any other persons. In particular, no offer or invitation is made to any US persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof), who are excluded from the services or products offered in this site.

The information available on this site does not constitute an offer of, or an invitation to apply for or purchase, any securities. In particular, the information does not constitute an offer of, or an invitation to apply for or purchase, securities in any jurisdiction where such offer or invitation is unlawful or in which the person making such an offer is not qualified to do so or to whom it is unlawful to make such offer or solicitation. The distribution of this information in written format is generally restricted to the UK.

The content of this website may change from time to time and you should ensure that you rely upon the most up to date literature available.

This website may provide links to other websites. Those linked websites are not under our control. The provision of a link is not evidence of any endorsement of the material held there. We do not accept responsibility in any way for the contents of any linked site, or any link contained in a linked site, or for any material that you encounter when you leave this website. In particular, you may be directed to a website which is not owned or operated by a regulated financial services company.

•The past performance of an investment is not a guide to future performance.

•The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change.

•If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment.

•Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained.

•Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

Property Income Fund: Where funds are invested in property or indirectly into property, investors may not be able to switch or cash in their investment when they want because investments in direct property and indirect property in the fund may not always be readily realisable. If this is the case and in accordance with the fund’s prospectus we may defer a request to switch or cash in units. Whilst property valuations are conducted by an independent expert, any such valuation is a matter of the valuer's opinion. The spread between the price to buy and sell is likely to be wider than for other less specialist funds and may vary. There is no guarantee that investments in property will increase in value or that rental growth will take place. There is a risk that a property held in the Fund’s portfolio could default on its rental payments. There is the possibility that a portion of the portfolio will be held in cash if the supply of new investment opportunities is limited which, if the situation persists, may restrict the performance of the Fund. Funds that invest mainly in one type of asset are more vulnerable to market sentiment. We reserve the right to change the pricing basis of the funds and any change will mean an increase or decrease in the price at which you may deal. References to tax are based on current regulations which may be subject to change. For clarification please seek advice from your financial or tax adviser.

For Professional Investors and those investing on behalf of an underlying investor only:

We will treat you as an investor who generally invests on behalf of underling clients. It is your responsibility to provide the most recent Key Investor Information (KII) to the underlying client for each investment you make on their behalf. If you invest on your own behalf, you should ensure you access and review the KII, or request that we send it to you, before investing. By placing any future investment with us, you will be taken to have agreed to this approach to provision of our KII. All of our up-to-date KII will be available from www.kamescapital.com.

Kames Capital is authorised and regulated by the Financial Conduct Authority.

This section of the Kames Capital website and the content within is designed solely for UK Individual Investors. If you are a UK Individual Investor and wish to view this content, please click the 'Proceed' button below. By accepting this disclaimer, you confirm that you are an individual investor.

If you are not a UK Individual Investor, you should not proceed any further, and should click the 'Back' button.

The information on this website is not an offer to buy any of the funds mentioned. You should only invest in our funds on the basis of the relevant formal document – this means the prospectus, Key Investor Information document or terms and conditions.

We also recommend you consult a financial adviser before making any investment decisions.

The past performance of an investment is not a guide to future performance.

The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change.

For more information, please read the information provided under the –

This site is targeted at, and intended for the use of, UK residents only. No offer or invitation is made to any other persons. In particular, no offer or invitation is made to any US persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof), who are excluded from the services or products offered in this site.

The information available on this site does not constitute an offer of, or an invitation to apply for or purchase, any securities. In particular, the information does not constitute an offer of, or an invitation to apply for or purchase, securities in any jurisdiction where such offer or invitation is unlawful or in which the person making such an offer is not qualified to do so or to whom it is unlawful to make such offer or solicitation. The distribution of this information in written format is generally restricted to the UK.

The content of this website may change from time to time and you should ensure that you rely upon the most up to date literature available.

This website may provide links to other websites. Those linked websites are not under our control. The provision of a link is not evidence of any endorsement of the material held there. We do not accept responsibility in any way for the contents of any linked site, or any link contained in a linked site, or for any material that you encounter when you leave this website. In particular, you may be directed to a website which is not owned or operated by a regulated financial services company.

•If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment.

•Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained.

•Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way.

Property Income Fund: Where funds are invested in property or indirectly into property, investors may not be able to switch or cash in their investment when they want because investments in direct property and indirect property in the fund may not always be readily realisable. If this is the case and in accordance with the fund’s prospectus we may defer a request to switch or cash in units. Whilst property valuations are conducted by an independent expert, any such valuation is a matter of the valuer's opinion. The spread between the price to buy and sell is likely to be wider than for other less specialist funds and may vary. There is no guarantee that investments in property will increase in value or that rental growth will take place. There is a risk that a property held in the Fund’s portfolio could default on its rental payments. There is the possibility that a portion of the portfolio will be held in cash if the supply of new investment opportunities is limited which, if the situation persists, may restrict the performance of the Fund. Funds that invest mainly in one type of asset are more vulnerable to market sentiment. We reserve the right to change the pricing basis of the funds and any change will mean an increase or decrease in the price at which you may deal. References to tax are based on current regulations which may be subject to change. For clarification please seek advice from your financial or tax adviser.

Kames Capital is authorised and regulated by the Financial Conduct Authority.

This section of the Kames Capital website and the content within is designed solely for institutional investors in the UK. If you are a UK Institutional Investor and wish to view this content, please click the 'Proceed' button below. By accepting this disclaimer, you confirm that you are an institutional investor.

If you are not a UK Institutional Investor, you should not proceed any further, and should click the 'Back' button.

The content of this website should not be relied upon by, or circulated to individual investors. For more information, please read the information provided under the -

The information on this website is not an offer to buy any of the funds mentioned. You should only invest in our funds on the basis of the relevant formal document – this means the prospectus, Key Investor Information document or terms and conditions. This site is targeted at, and intended for the use of, UK residents only. No offer or invitation is made to any other persons. In particular, no offer or invitation is made to any US persons (being residents of the United States of America or partnerships or corporations organised under the laws of the United States of America or any state, territory or possession thereof), who are excluded from the services or products offered in this site.

The information available on this site does not constitute an offer of, or an invitation to apply for or purchase, any securities. In particular, the information does not constitute an offer of, or an invitation to apply for or purchase, securities in any jurisdiction where such offer or invitation is unlawful or in which the person making such an offer is not qualified to do so or to whom it is unlawful to make such offer or solicitation. The distribution of this information in written format is generally restricted to the UK. You will only be able to invest in the funds for which you are eligible as an institutional investor.

The content of this website may change from time to time and you should ensure that you rely upon the most up to date literature available.

This website may provide links to other websites. Those linked websites are not under our control. The provision of a link is not evidence of any endorsement of the material held there. We do not accept responsibility in any way for the contents of any linked site, or any link contained in a linked site, or for any material that you encounter when you leave this website. In particular, you may be directed to a website which is not owned or operated by a regulated financial services company.

Please note the following risk warnings:•The past performance of an investment is not a guide to future performance. •The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. •If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. •Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained. •Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

Kames Capital is authorised and regulated by the Financial Conduct Authority.

AvailabilityThis website does not constitute an offer or solicitation to buy any of the funds mentioned, for any of the following reasons: - if you are in a jurisdiction where this would be unlawful- if the person making an offer is not qualified- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available for distribution to or investment by US investors. The funds are not registered under the United States Securities Act of 1933 or the United States Investment Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell them:- in the US- in any of its states, territories, or possessions- in other areas subject to the US’s jurisdiction- to a US individual

Site contentThe information on this site has been issued and approved by Kames Capital. It does not constitute investment, tax, legal or other advice. The site content may change from time to time. Please ensure you rely on the latest literature.

Please note the following risk warnings:• The past performance of an investment is not a guide to future performance. • The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. • Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained. • Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds: While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients.

As a result of money laundering regulations, we may request additional proof of identification. Further details are in our prospectuses and other constitutional documents.

DocumentsInvestors should only invest in our funds on the basis of the relevant offer document; this means the prospectus, Key Investor Information document or other applicable terms and conditions.

Kames Capital does not warrant the accuracy, adequacy or completeness of the information and materials contained on this website and expressly disclaims liability for errors or omissions in such information and materials.

For Professional Investors and those investing on behalf of an underlying investor only:We will treat you as an investor who generally invests on behalf of underling clients. It is your responsibility to provide the most recent Key Investor Information (KII) to the underlying client for each investment you make on their behalf. If you invest on your own behalf, you should ensure you access and review the KII, or request that we send it to you, before investing. By placing any future investment with us, you will be taken to have agreed to this approach to provision of our KII. All of our up-to-date KII are available from www.kamescapital.com.

Kames Capital Investment Company Ireland is a UCITS collective investment scheme registered in the Republic of Ireland regulated by the Central Bank of Ireland. A limited range of Kames Capital VCIC sub-funds and share class have “Reporting Fund” status. The Company seeks to comply with UK Reporting Fund status requirements; more information is contained in the full prospectus.

This content is intended for UK Intermediaries only. If you are a UK Intermediary and would like to view the page, please click here, change your role and then copy and paste the link http://kamescapital.com/reasonswhy.aspx

This website does not constitute an offer or solicitation to buy any of the funds mentioned, for any of the following reasons:

- if you are in a jurisdiction where this would be unlawful- if the person making an offer is not qualified- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available for distribution to or investment by US investors. The funds are not registered under the United States Securities Act of 1933 or the United States Investment Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell them:

- in the US- in any of its states, territories, or possessions- in other areas subject to the US’s jurisdiction- to a US individual.

Site content

The information on this site has been issued and approved by Kames Capital. It does not constitute investment, tax, legal or other advice. The site content may change from time to time. Please ensure you rely on the latest literature.

• The past performance of an investment is not a guide to future performance. • The value of investments, and the income from them, may go down as well as up and is not guaranteed so an investor may not get back the amount originally invested. Any tax reliefs mentioned are those currently available and are subject to change. • If the funds hold securities denominated in a currency other than sterling, changes in exchange rates may affect the value of your investment. • Where charges are taken wholly or partly out of a fund's capital, distributable income will be increased at the expense of capital which will either be eroded or future growth constrained. • Any investment objective, performance benchmark and yield information will be treated as a target only and should not be considered as an assurance or guarantee of the performance of the fund or any part of it.

Investment in the securities of smaller and unquoted companies can involve greater risk than is customarily associated with investment in larger, more established companies. In particular, smaller companies often have limited product lines, markets or financial resources and may be dependent for their management on a smaller number of key individuals. In addition, the market for securities in smaller companies is often less liquid than that for securities in larger companies, bringing with it potential difficulties in acquiring, valuing and disposing of such securities. Proper information for determining their value or the risks to which they are exposed may also not be available.

Some funds will often carry greater risks in return for higher potential rewards. Specialist funds, which invest in specialist markets or small sectors of industry, are likely to carry higher risks than most general funds. Investment in technology related stocks can be more volatile than investment in more established companies. Above average price movements can be expected.

Market Risk: The potential for change in market value of instruments due to adverse movements in equity, bond, commodity, currency and other market prices, indices or interest rates or changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This includes both market liquidity risk and funding risk. Market liquidity risk is the inability to trade an instrument at the desired price due to a lack of supply or market demand. Funding risk is where a fund has insufficient cash to meets its financial obligations.

Counterparty Risk: The risk that the failure of a counterparty to meet its obligations leads to a financial loss to the fund, both through loss of any monies owed to the fund by the counterparty and the cost of reinstating economic exposure in the case of counterparty default.

Concentration Risk: The risk of a portfolio being too concentrated in particular positions or too exposed to certain issuers. Highly concentrated positions can exacerbate market, liquidity and counterparty risk.

Absolute Return Funds:While the investment objective of absolute return funds is to achieve a positive return in all market conditions, this is not guaranteed in any way. Investment professionals must ensure that they meet their obligations in relation to their understanding of this product and the risks involved, and the extent to which this product meets the needs of their clients. As a result of money laundering regulations, we may request additional proof of identification. Further details are in our prospectuses and other constitutional documents.

Documents

Investors should only invest in our funds on the basis of the relevant offer document; this means the prospectus, Key Investor Information document or other applicable terms and conditions.These documents are freely by calling our investor helpdesk on + 353 1 622 4493 or in writing from Citigroup Europe plc, PO Box 11167, Cardiff Lane, Dublin 2, Ireland.Kames Capital does not warrant the accuracy, adequacy or completeness of the information and materials contained on this website and expressly disclaims liability for errors or omissions in such information and materials.

For Professional Investors and those investing on behalf of an underlying investor only:

We will treat you as an investor who generally invests on behalf of underling clients. It is your responsibility to provide the most recent Key Investor Information (KII) to the underlying client for each investment you make on their behalf. If you invest on your own behalf, you should ensure you access and review the KII, or request that we send it to you, before investing. By placing any future investment with us, you will be taken to have agreed to this approach to provision of our KII. All of our up-to-date KII will be available from www.kamescapital.com.

Kames Capital Investment Company Ireland is a UCITS collective investment scheme registered in the Republic of Ireland regulated by the Central Bank of Ireland. A limited range of Kames Capital VCIC sub-funds and share class have “Reporting Fund” status. The Company seeks to comply with UK Reporting Fund status requirements; more information is contained in the full prospectus.

AvailabilityThis website does not constitute an offer or solicitation to buy
any of the funds mentioned, for any of the following reasons:
- if you are in a jurisdiction where this would be unlawful
- if the person making an offer is not qualified
- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available
for distribution to or investment by US investors. The funds are not registered
under the United States Securities Act of 1933 or the United States Investment
Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell
them:
- in the US
- in any of its states, territories, or possessions
- in other areas subject to the US’s jurisdiction
- to a US individual

Site content
The information on this site has been issued and approved by Kames
Capital. It does not constitute investment, tax, legal or other
advice. The site content may change from time to time. Please
ensure you rely on the latest literature.

Please note the following
risk warnings:
• The past performance of an investment is not a guide to future
performance.
• The value of investments, and the income from them, may go down as well
as up and is not guaranteed so an investor may not get back the amount
originally invested. Any tax reliefs mentioned are those currently available
and are subject to change.
• If the funds hold securities denominated in a currency other than
sterling, changes in exchange rates may affect the value of your
investment.
• Where charges are taken wholly or partly out of a fund's capital,
distributable income will be increased at the expense of capital which will
either be eroded or future growth constrained.
• Any investment objective, performance benchmark and yield information
will be treated as a target only and should not be considered as an assurance
or guarantee of the performance of the fund or any part of it.

Investment in the
securities of smaller and unquoted companies can involve greater risk than is
customarily associated with investment in larger, more established companies.
In particular, smaller companies often have limited product lines, markets or
financial resources and may be dependent for their management on a smaller
number of key individuals. In addition, the market for securities in smaller
companies is often less liquid than that for securities in larger companies,
bringing with it potential difficulties in acquiring, valuing and disposing of
such securities. Proper information for determining their value or the risks to
which they are exposed may also not be available.

Some funds will often carry
greater risks in return for higher potential rewards. Specialist funds, which
invest in specialist markets or small sectors of industry, are likely to carry
higher risks than most general funds. Investment in technology related stocks
can be more volatile than investment in more established companies. Above
average price movements can be expected.

Market Risk: The potential
for change in market value of instruments due to adverse movements in equity,
bond, commodity, currency and other market prices, indices or interest rates or
changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This
includes both market liquidity risk and funding risk. Market liquidity risk is
the inability to trade an instrument at the desired price due to a lack of
supply or market demand. Funding risk is where a fund has insufficient cash to
meets its financial obligations.

Counterparty Risk: The risk
that the failure of a counterparty to meet its obligations leads to a financial
loss to the fund, both through loss of any monies owed to the fund by the
counterparty and the cost of reinstating economic exposure in the case of
counterparty default.

Concentration Risk: The
risk of a portfolio being too concentrated in particular positions or too
exposed to certain issuers. Highly concentrated positions can exacerbate
market, liquidity and counterparty risk.

Absolute Return Funds:
While the investment objective of absolute return funds is to achieve a positive
return in all market conditions, this is not guaranteed in any way. Investment
professionals must ensure that they meet their obligations in relation to their
understanding of this product and the risks involved, and the extent to which
this product meets the needs of their clients.

As a result of money
laundering regulations, we may request additional proof of identification.
Further details are in our prospectuses and other constitutional documents.

Documents
Investors should only invest in our funds on the basis of the relevant offer
document; this means the prospectus, Key Investor Information document or other
applicable terms and conditions.

Kames Capital does not
warrant the accuracy, adequacy or completeness of the information and materials
contained on this website and expressly disclaims liability for errors or
omissions in such information and materials.

For Professional/Qualified Investors and those investing on behalf
of an underlying investor only:
We will treat you as an investor who generally invests on behalf of underling
clients. It is your responsibility to provide the most recent Key
Investor Information (KII) to the underlying client for each investment you
make on their behalf. If you invest on your own behalf, you should ensure
you access and review the KII, or request that we send it to you, before
investing. By placing any future investment with us, you will be taken to
have agreed to this approach to provision of our KII. All of our
up-to-date KII are available from www.kamescapital.com.

Kames Capital Investment Company
Ireland is a UCITS collective investment scheme registered in the Republic of
Ireland regulated by the Central Bank of Ireland. A limited range of Kames
Capital VCIC sub-funds and share class have “Reporting Fund” status. The
Company seeks to comply with UK Reporting Fund status requirements; more
information is contained in the full prospectus.

AvailabilityThis website does not constitute an offer or solicitation to buy
any of the funds mentioned, for any of the following reasons:
- if you are in a jurisdiction where this would be unlawful
- if the person making an offer is not qualified
- if it is unlawful to make an offer to a certain type of investor.

Our funds are not available
for distribution to or investment by US investors. The funds are not registered
under the United States Securities Act of 1933 or the United States Investment
Company Act of 1940. Therefore, we cannot directly or indirectly offer or sell
them:
- in the US
- in any of its states, territories, or possessions
- in other areas subject to the US’s jurisdiction
- to a US individual

Site content
The information on this site has been issued and approved by Kames
Capital. It does not constitute investment, tax, legal or other
advice. The site content may change from time to time. Please
ensure you rely on the latest literature.

Please note the following
risk warnings:
• The past performance of an investment is not a guide to future
performance.
• The value of investments, and the income from them, may go down as well
as up and is not guaranteed so an investor may not get back the amount
originally invested. Any tax reliefs mentioned are those currently available
and are subject to change.
• If the funds hold securities denominated in a currency other than
sterling, changes in exchange rates may affect the value of your
investment.
• Where charges are taken wholly or partly out of a fund's capital,
distributable income will be increased at the expense of capital which will
either be eroded or future growth constrained.
• Any investment objective, performance benchmark and yield information
will be treated as a target only and should not be considered as an assurance
or guarantee of the performance of the fund or any part of it.

Investment in the
securities of smaller and unquoted companies can involve greater risk than is
customarily associated with investment in larger, more established companies.
In particular, smaller companies often have limited product lines, markets or
financial resources and may be dependent for their management on a smaller
number of key individuals. In addition, the market for securities in smaller
companies is often less liquid than that for securities in larger companies,
bringing with it potential difficulties in acquiring, valuing and disposing of
such securities. Proper information for determining their value or the risks to
which they are exposed may also not be available.

Some funds will often carry
greater risks in return for higher potential rewards. Specialist funds, which
invest in specialist markets or small sectors of industry, are likely to carry
higher risks than most general funds. Investment in technology related stocks
can be more volatile than investment in more established companies. Above
average price movements can be expected.

Market Risk: The potential
for change in market value of instruments due to adverse movements in equity,
bond, commodity, currency and other market prices, indices or interest rates or
changes in the anticipated or calculated volatility of these movements.

Liquidity Risk: This
includes both market liquidity risk and funding risk. Market liquidity risk is
the inability to trade an instrument at the desired price due to a lack of
supply or market demand. Funding risk is where a fund has insufficient cash to
meets its financial obligations.

Counterparty Risk: The risk
that the failure of a counterparty to meet its obligations leads to a financial
loss to the fund, both through loss of any monies owed to the fund by the
counterparty and the cost of reinstating economic exposure in the case of
counterparty default.

Concentration Risk: The risk
of a portfolio being too concentrated in particular positions or too exposed to
certain issuers. Highly concentrated positions can exacerbate market, liquidity
and counterparty risk.

Absolute Return Funds:
While the investment objective of absolute return funds is to achieve a
positive return in all market conditions, this is not guaranteed in any way.
Investment professionals must ensure that they meet their obligations in
relation to their understanding of this product and the risks involved, and the
extent to which this product meets the needs of their clients.

As a result of money
laundering regulations, we may request additional proof of identification.
Further details are in our prospectuses and other constitutional documents.

Documents
Investors should only invest in our funds on the basis of the relevant offer
document; this means the prospectus, Key Investor Information document or other
applicable terms and conditions.

Kames Capital does not
warrant the accuracy, adequacy or completeness of the information and materials
contained on this website and expressly disclaims liability for errors or
omissions in such information and materials.

For Professional/Qualified Investors and those investing on behalf
of an underlying investor only:
We will treat you as an investor who generally invests on behalf of underling
clients. It is your responsibility to provide the most recent Key
Investor Information (KII) to the underlying client for each investment you
make on their behalf. If you invest on your own behalf, you should ensure
you access and review the KII, or request that we send it to you, before
investing. By placing any future investment with us, you will be taken to
have agreed to this approach to provision of our KII. All of our
up-to-date KII are available from www.kamescapital.com.

Kames Capital Investment
Company Ireland is a UCITS collective investment scheme registered in the
Republic of Ireland regulated by the Central Bank of Ireland. A limited range
of Kames Capital VCIC sub-funds and share class have “Reporting Fund” status. The
Company seeks to comply with UK Reporting Fund status requirements; more
information is contained in the full prospectus.